Exchange rates vis-a-vis the U.S. dollar have changed little over time

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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Everything else held constant, an autonomous monetary policy easing ________ aggregate ________

A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply

Economics

The horizontal demand curve facing an individual firm in a perfectly competitive market: a. violates the law of demand, which states that demand curves slope downward. b. is a reflection of the firm's small size relative to the total market

c. is maintained only with the help of high barriers to entry. d. is a reflection of the inelastic demand for its product.

Economics

The theory of purchasing-power parity implies that the demand curve for foreign-currency exchange is

a. downward sloping. b. upward sloping. c. horizontal. d. vertical.

Economics

The labor force equals the number of people

A) employed. B) unemployed. C) employed plus unemployed. D) in the working-age population.

Economics